Bassett Furniture Industries Inc BSET.OQ reported a quarterly adjusted loss of 82 cents per share for the quarter ended in May, lower than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of two analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -12 cents to -10 cents per share.
Revenue fell 17% to $83.41 million from a year ago; analysts expected $86.99 million.
Bassett Furniture Industries Inc's reported EPS for the quarter was a loss of 82 cents.
The company reported a quarterly loss of $7.2 million.
Bassett Furniture Industries Inc shares had fallen by 7.1% this quarter and lost 20.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 10% in the last three months.
In the last 30 days, there have been earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $21.00
This summary was machine generated from LSEG data July 10 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
May. 31 2024 |
-0.11 |
-0.82 |
Missed |
Feb. 29 2024 |
0.01 |
-0.14 |
Missed |
Nov. 30 2023 |
-0.05 |
-0.47 |
Missed |
Aug. 31 2023 |
-0.58 |
-0.30 |
Beat |